Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

TI Foundation contributes $100,000 to American Red Cross for immediate Philippines disaster relief

TXN

Additional $100,000 commitment to match TI employee and retiree contributions

DALLAS, Nov. 12, 2013 /PRNewswire/ -- The Texas Instruments (TI) Foundation will make an immediate $100,000 contribution to the American Red Cross (ARC) Typhoon Relief Fund for Philippines disaster relief.   In addition, the TI Foundation will match employee and retiree contributions up to $100,000 made through November 30, 2013, to Red Cross through a dedicated TI microsite or local TI Philippines employee donations. 

Typhoon Haiyan struck the Philippines last week resulting in more than 17,000 deaths in central Philippines, with more than 650,000 people displaced. An international appeal has been issued by the Philippines, and a relief fund was established by the American Red Cross.

Although TI facilities and employees in Baguio and Clark were not affected, TI is among the companies leading efforts to raise support. TI is the largest exporter in the Philippines and has had a longtime presence there as a multi-national semiconductor company. TI Philippines (TIPI) has been in operation in Baguio since 1980 and in Clark, Pampanga since 2007. 

"The devastation brought about by the recent typhoon has been widespread and tragic," said Kristine Mangaliag, TI Clark human resources director. "Your prayers and generosity will go a long way as our countrymen recover from this calamity."

TI employees in the Philippines have a history of caring for their local community by helping support the education, health and nutrition needs of hundreds of children each year so they can succeed in school. TIers in the Philippines have already initiated a cash and in-kind donation drive to help victims of the storm. Once the items have been collected, United States Air Force personnel will pick up the donations at the Red Cross office and fly them to Manila for shipping to the affected provinces.

"TIers' assistance will bring hope to the affected families during these difficult times," said George de Leon, Baguio site employee relations manager.

"When a disaster of this magnitude strikes, TIers are the first to ask how they can help," said Trisha Cunningham, TI chief citizenship officer. "Our hearts go out to those who are affected. We are glad the Red Cross is on the ground to quickly mobilize the contributions of our employees and TI Foundation to make a greater impact in the recovery efforts."

Read more here about how the Red Cross is making a difference in the relief efforts.

About Texas Instruments
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.

About the Texas Instruments Foundation
The Texas Instruments Foundation, founded in 1964, is a non-profit organization providing philanthropic support for educational and charitable purposes primarily in the communities where Texas Instruments operates. While its primary focus is on providing knowledge, skills and programs to improve science, technology, engineering and math education, the Texas Instruments Foundation also invests in arts and culture and in health and human services programs that meet the greatest community needs.

SOURCE Texas Instruments